The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-28
CONDITION OF THE MARKETS
Wheat Rules Weak and Lower, the Re-
suit of UnfavorabIe Foreign Advices. :.
large Transactions in Corn, Accompanied by
Weak Feeling and Lower Prices-0ats
Active and Steady-Mess Pork Higher
MONEY, BONDS AND STOCKS.

A Comparatively Steady Market, with
Tendency Toward Lower Prices.
= NEW YORK, Jan. 27.-Money call was
easy at 2t04 per cent, the last loan being made
at per cent, closing offered fiat.
Prime mercantile paper, 607 per cent
Sterling exchange was firm to strong at a. 84aa
Tor sixty days bills and $ts7a for demand.
The total sales of stocks to-day were 241 500
shares, including the following: Delaware,
Lackawsnna & Western, 20,2S5; Erie, 1880;
hooking Valley. 4.750; Lake Shore, 1880;
Louisville & Nashville, II. $780, New Jersey Cen
trail. IL, 900; Reading "a, 430; ST. Paul & Omaha.
3,570; Texas e. Pacific, G. 200; st. Paul, IL, 600;
Union Pacific. II 200; Western Union, 1906
Government bonds were dull and steady.
State bonds were neglected.
The stock market occupied lower range of
values than yesterday, anu with the exception OF
one or two spurts. the course of prices was gen.
orally downward, although the declines in most
cases not equal to those recorded at the open
ing. The news of the day was miyed IN its char
Acter, and, in the present disposition or opera
Tors here to d. .othng for the present had little
DR. no effect upon values. The general feeling in
consequence of the unsatisfactory condition of
the coal trade and the uncertainty in regard to
the effects of the Interstate commerce. bill is
rather In favor Of low prices The immediate
causes affecting the market to-day were the
sales of several blocks of stock for London &C
count, the usual hammeriug by the room traders
upon any appearance of outside selling, and the
realizations for the accounts of professionals
Exchange rates were again advanced as the con-
sequence of sales of securities for foreign ac-
count After the first hour the market pre-
sented very little feature, and the fluctuations
were narrow and unimportant. There was de-
cidediy weak opening, the declines ranging in
the general list from 10 ], while Jersey Central
was down II, and Louisville 81 Nashville, II.
The decline continued in the early dealings on
Rctive trading, bat the market quickly rallied
and became aniet. prices being carried generally
small fractions above the opening figures. Tha
market sagged off slowly until after
IL o'clock, after which another gen.
eral advance took place, when prices
were generally brought up to the highest figures
of the morning. A slight recession occurred in
the last hour. but the market closed steady to
firm at generally small fractions above the open
ing Sales, PAL 595 shares Cameron Coal again
attracted considerable attention and is q
higher, while the general list almost invariably
shows fractional declines, except Norfolk d
Western preferred, which is down Il, and Ore
son Navigation, which lost per cent.
Railroad bonds were dull: sales, $917. 600
Erie seconds contributed $4,000 Fluctuations
were generally narrow and insignificant, and
final changes are about equally divided between
gains and losses Wabash general trust receipts
lost 2, at so; Wabash seconds, extended, 3, at 80,
and Great Western seconds 2, at 1907. Closing
quotations were: